First National Trust Co Sells 150 Shares of The Sherwin-Williams Company (NYSE:SHW)

First National Trust Co reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 679 shares of the specialty chemicals company’s stock after selling 150 shares during the period. First National Trust Co’s holdings in Sherwin-Williams were worth $212,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in shares of Sherwin-Williams during the third quarter valued at $25,000. Lee Financial Co bought a new position in Sherwin-Williams in the third quarter valued at about $32,000. BluePath Capital Management LLC bought a new position in Sherwin-Williams in the third quarter valued at about $33,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $35,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $36,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 target price for the company in a research report on Thursday, April 25th. Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a report on Tuesday, February 27th. Seaport Res Ptn cut Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Mizuho lowered their price objective on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $341.39.

Insider Activity

In other news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock valued at $10,340,237 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Up 0.8 %

SHW stock traded up $2.35 on Monday, hitting $313.65. 116,240 shares of the company’s stock were exchanged, compared to its average volume of 1,471,344. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The firm has a 50 day moving average price of $327.00 and a two-hundred day moving average price of $301.80. The stock has a market cap of $79.53 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.91%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.